Unusual 11 Mid-Day Movers 07/14: HSWI, FFHL, KV-A/KV-B, LACO, CDXS, FUQI Higher; WTNY, RBA, CTEL, KLIC, SKH Lower
HSW International, Inc. (Nasdaq: HSWI) 104.9% HIGHER; today announced a content distribution and branding relationship for its BoWenWang website with NetEase (Nasdaq: NTES). Click here to see the full report.
Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) 71.5% HIGHER; today reported overseas sales in April, May and June increased over 200% compared to the same period of last year. The unit sales price for commodity and specialty films have increased 19.07% and 18.52% separately.
KV Pharma (NYSE: KV.A) (NYSE: KV.A) 37.1% HIGHER; continuing higher following yesterday's 9% move higher amid news that the company has resubmitted its NDA for Gestiva.
Lakes Entertainment, Inc. (Nasdaq: LACO) 27.4% HIGHER; announced today that on July 13, 2010, it entered into a Termination Agreement with Penn Ventures, LLC, a subsidiary of Penn National Gaming, Inc. (Nasdaq: PENN) whereby in exchange for a $25 million payment from Penn to Lakes, Lakes agreed to relinquish all right, title and interest it had in the casino projects in Columbus, Ohio and Toledo, Ohio which are proposed to be developed by Penn.
Codexis, Inc. (Nasdaq: CDXS) 17.8% HIGHER; Credit Suisse initiates coverage on Codexis (Nasdaq: CDXS) with an Outperform rating. The shares are also continuing higher following 15% yesterday as the company unveiled a new carbon capture program.
Fuqi International, Inc. (Nasdaq: FUQI) 15.6% HIGHER; announces adjustment to IP Transfer Agreement, which now labels EBITDA as Adjusted EBITDA in determining performance payout. The adjustment excludes expenses such as salaries to Mr. Huang and Jianying Li, certain corporate expenses, and the valuation difference for the sold inventory items between the fair value on August 7, 2008 and the carrying value prior to Fuqi Subsidiary’s acquisition of the Temix Companies.
Whitney (Nasdaq: WTNY) 14.2% LOWER; sees a Q2 provision for credit losses of $57-$62 million. The stock was also downgraded to Hold at Wunderlich.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) 8.6% LOWER; may be a selloff ahead of the company's second quarter update, set for after the market closes tomorrow, July 15. Shares also may be getting back to the $18.90 level after a mini-run over the last three days. Shares ran 8.8% from $18.84 on July 8 to $20.50 at close yesterday.
City Telecom HK Ltd. (Nasdaq: CTEL) 7.8% LOWER; shares breaking through the $11.00 level on good volume, and approaching a low not seen since mid-February, when shares touched the low $10s.
Kulicke and Soffa Industries (Nasdaq: KLIC) 7.7% LOWER; filed their presentation for the CEO Investor Summit in San Francisco, California. Several slides note that they plan to implement cost reductions and several Q4 ball bonder orders reportedly pushed-out, with plans to fill the gap with other demand.
Skilled Healthcare Group, Inc. (NYSE: SKH) 6.8% LOWER; The Egleston Law Firm announced an investigation yesterday. The investigation concerns whether Skilled Healthcare’s directors and officers damaged the Company by causing it to violate California’s health and safety code by not providing the minimum of 3.2 hours of direct nursing care per day to patients at various facilities. A court recently ordered Skilled Healthcare to pay $671 million in damages for not providing sufficient nursing care to patients. After the verdict was announced, the Company’s stock plunged to $1.52, a record low.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) 71.5% HIGHER; today reported overseas sales in April, May and June increased over 200% compared to the same period of last year. The unit sales price for commodity and specialty films have increased 19.07% and 18.52% separately.
KV Pharma (NYSE: KV.A) (NYSE: KV.A) 37.1% HIGHER; continuing higher following yesterday's 9% move higher amid news that the company has resubmitted its NDA for Gestiva.
Lakes Entertainment, Inc. (Nasdaq: LACO) 27.4% HIGHER; announced today that on July 13, 2010, it entered into a Termination Agreement with Penn Ventures, LLC, a subsidiary of Penn National Gaming, Inc. (Nasdaq: PENN) whereby in exchange for a $25 million payment from Penn to Lakes, Lakes agreed to relinquish all right, title and interest it had in the casino projects in Columbus, Ohio and Toledo, Ohio which are proposed to be developed by Penn.
Codexis, Inc. (Nasdaq: CDXS) 17.8% HIGHER; Credit Suisse initiates coverage on Codexis (Nasdaq: CDXS) with an Outperform rating. The shares are also continuing higher following 15% yesterday as the company unveiled a new carbon capture program.
Fuqi International, Inc. (Nasdaq: FUQI) 15.6% HIGHER; announces adjustment to IP Transfer Agreement, which now labels EBITDA as Adjusted EBITDA in determining performance payout. The adjustment excludes expenses such as salaries to Mr. Huang and Jianying Li, certain corporate expenses, and the valuation difference for the sold inventory items between the fair value on August 7, 2008 and the carrying value prior to Fuqi Subsidiary’s acquisition of the Temix Companies.
Whitney (Nasdaq: WTNY) 14.2% LOWER; sees a Q2 provision for credit losses of $57-$62 million. The stock was also downgraded to Hold at Wunderlich.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) 8.6% LOWER; may be a selloff ahead of the company's second quarter update, set for after the market closes tomorrow, July 15. Shares also may be getting back to the $18.90 level after a mini-run over the last three days. Shares ran 8.8% from $18.84 on July 8 to $20.50 at close yesterday.
City Telecom HK Ltd. (Nasdaq: CTEL) 7.8% LOWER; shares breaking through the $11.00 level on good volume, and approaching a low not seen since mid-February, when shares touched the low $10s.
Kulicke and Soffa Industries (Nasdaq: KLIC) 7.7% LOWER; filed their presentation for the CEO Investor Summit in San Francisco, California. Several slides note that they plan to implement cost reductions and several Q4 ball bonder orders reportedly pushed-out, with plans to fill the gap with other demand.
Skilled Healthcare Group, Inc. (NYSE: SKH) 6.8% LOWER; The Egleston Law Firm announced an investigation yesterday. The investigation concerns whether Skilled Healthcare’s directors and officers damaged the Company by causing it to violate California’s health and safety code by not providing the minimum of 3.2 hours of direct nursing care per day to patients at various facilities. A court recently ordered Skilled Healthcare to pay $671 million in damages for not providing sufficient nursing care to patients. After the verdict was announced, the Company’s stock plunged to $1.52, a record low.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers..
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